HSBC Midcap Fund Direct-Growth

Q: What are the returns of HSBC Midcap Fund?

The HSBC Midcap Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 20.4% since inception. HSBC Midcap Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.74% 26.6% 27.51% 17.09% 20.4%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹442.825+0.96% 1 day change	20.4% p.a.	#NA View Ranked Funds	₹11,470 Cr

Historical NAV & returns

NAV: ₹442.825 as on Jul 21, 2025

This fund Category average

HSBC Midcap Fund overview

Expense ratio	0.68% as on May 31, 2025
Exit load	1.0% Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.!
AUM (Fund size)	₹11,470 Cr
Lock-in Period	Nil
Age	12 yrs 6 m since Jan 01, 2013
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

HSBC Midcap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jul 22, 2025

Period	This fund	Category average
1 Month	0.05%	1.09%
3 Months	11.44%	10.49%
6 Months	11.21%	11.6%
1 Year	6.74%	6.27%
2 Years	30.37%	27.2%
3 Years	26.6%	25.32%
4 Years	19.92%	20.53%
5 Years	27.51%	30.02%
7 Years	17.5%	20.18%
10 Years	17.09%	17.06%

View returns in detail

Asset allocationas on May 31, 2025

Large Cap 17.87%

Mid Cap 66.93%

Small Cap 13.75%

Other Cap 0%

Top holdings

BSE Ltd.4.65%

Max Healthcare Institute Ltd.4.27%

Dixon Technologies (India) Ltd.3.9%

Eternal Ltd.3.66%

Top sectors

Capital Goods 22.930000000000003%

Services 22.83%

Financial 13.17%

Healthcare 12.429999999999996%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 1.57%

Rights 0.00144293%

Other Holdings

Others 1.57%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Midcap Fund	N.A.	11,470 Cr	12 yrs 6 m	0.68%
Motilal Oswal Midcap Fund	N.A.	30,401 Cr	11 yrs 5 m	0.7%
Nippon India Growth Mid Cap Fund	N.A.	36,836 Cr	12 yrs 6 m	0.72%
HDFC Mid Cap Fund	N.A.	79,718 Cr	12 yrs 6 m	0.77%
Kotak Midcap Fund	N.A.	53,464 Cr	12 yrs 6 m	0.42%
Edelweiss Mid Cap Fund	N.A.	10,028 Cr	12 yrs 6 m	0.4%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Midcap Fund	0.05%	11.21%	6.74%	26.6%	27.51%	17.09%
Motilal Oswal Midcap Fund	0.68%	9.38%	8.0%	32.43%	37.28%	18.64%
Nippon India Growth Mid Cap Fund	0.3%	11.83%	7.49%	28.82%	32.78%	18.23%
HDFC Mid Cap Fund	2.05%	11.97%	8.35%	30.22%	33.1%	18.8%
Kotak Midcap Fund	1.45%	12.72%	7.85%	25.76%	31.4%	19.23%
Edelweiss Mid Cap Fund	-0.32%	11.56%	11.52%	29.37%	33.91%	19.11%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Midcap Fund	17.07	0.96	1.28	1.36
Motilal Oswal Midcap Fund	17.94	0.9	1.5	1.76
Nippon India Growth Mid Cap Fund	15.86	0.95	1.49	2.1
HDFC Mid Cap Fund	14.62	0.87	1.66	2.26
Kotak Midcap Fund	15.95	0.92	1.31	1.68
Edelweiss Mid Cap Fund	16.19	0.95	1.52	2.0

View all Mid Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.26 vs. 7.94 Underperformed at beating benchmark
Sharpe	1.28 vs. 8.52 Poor risk-adjusted returns
Beta	0.96 vs. 1.14 Less sensitive to market ups & downs
Standard deviation	17.07 vs. 13.36 More volatile performance

Compare HSBC Midcap Fund in detail with

About this fund

About HSBC Midcap Fund

HSBC Midcap Fund Direct-Growth is a Mid Cap mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 12 yrs 6 m, having been launched on 01/01/2013. HSBC Midcap Fund Direct-Growth has ₹11,470 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HSBC Midcap Fund Direct-Growth as of 21/07/2025 is ₹442.82. The fund has an expense ratio of 0.68%, which is close to what most other Mid Cap funds charge.

HSBC Midcap Fund Direct-Growth returns of last 1-year are 7.87%. Since launch, it has delivered 20.43% average annual returns. The fund has doubled the money invested in it every 3 yrs.
HSBC Midcap Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is low.
The fund has the majority of its money invested in Capital Goods, Services, Financial, Healthcare, Consumer Discretionary sectors. It has taken less exposure in Capital Goods, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in BSE Ltd., Max Healthcare Institute Ltd., Dixon Technologies (India) Ltd., Eternal Ltd., Jubilant FoodWorks Ltd..

...

Fund AUM	11,470 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Cheenu Gupta

Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T) Prior to joining HSBC Mutual Fund, she has worked with L&T Mutual Fund, Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.

Investment objective

The scheme seeks to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of predominantly mid cap companies.

HSBC Mutual Fund details

No. of schemes	38 view all schemes
Total AUM	1,29,985 Cr as on Jun 30, 2025
Address	9-11th Floor, NESCO - IT Park Bldg. 3, Western Express Highway, Goregaon East, Mumbai, 400063

More funds from HSBC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HSBC Small Cap Fund	N.A.	14,493 Cr	2.39%	36.58%
HSBC Infrastructure Fund	N.A.	2,229 Cr	-3.03%	31.93%
HSBC Value Fund	N.A.	12,600 Cr	5.43%	29.21%
HSBC Business Cycles Fund	N.A.	967 Cr	8.49%	28.47%
HSBC Large and Mid Cap Fund	N.A.	3,769 Cr	2.92%	24.88%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of HSBC Midcap Fund?

The current Net Asset Value (NAV) of the HSBC Midcap Fund - Direct Growth plan is approximately ₹442.825 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The HSBC Midcap Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 20.4% since inception.

HSBC Midcap Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.74%	26.6%	27.51%	17.09%	20.4%

How much does this mutual fund charge as expense ratio?

The HSBC Midcap Fund - Direct Growth has an expense ratio of 0.68%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The HSBC Midcap Fund currently has assets under management (AUM) or fund size valued at approximately 11,470 Cr as on May 31, 2025.

What are the top stock holdings of HSBC Midcap Fund?

The HSBC Midcap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
BSE Ltd.	4.65%
Max Healthcare Institute Ltd.	4.27%
Dixon Technologies (India) Ltd.	3.9%
Eternal Ltd.	3.66%
Jubilant FoodWorks Ltd.	3.57%
GE Vernova T&D India Ltd.	3.5%
Nippon Life India Asset Management Ltd.	3.35%
Trent Ltd.	3.35%
Godfrey Phillips India Ltd.	2.84%
Persistent Systems Ltd.	2.82%

What are the top sectors HSBC Midcap Fund has invested in?

The HSBC Midcap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Capital Goods	22.930000000000003%
Services	22.83%
Financial	13.17%
Healthcare	12.429999999999996%
Consumer Discretionary	5.92%
Technology	5.489999999999999%
Consumer Staples	5.22%
Automobile	4.74%
Communication	1.89%
Energy	1.62%

What is risk level of HSBC Midcap Fund?

This is a Mid Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HSBC Midcap Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HSBC Midcap Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in HSBC Midcap Fund is complete.

How can I redeem my investments in HSBC Midcap Fund?

Redeeming your investments in HSBC Midcap Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in HSBC Midcap Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Mid Cap

#NA

Return Outperformance: This fund has generated highest return amongst Mid Cap funds in the last 10 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Exit Load: Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.